{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{9}{c}}
\toprule
                    &\multicolumn{9}{c}{Dependent variable: $X_{ni}/X_n$}                                                                                                                                               \\\cmidrule(lr){2-10}
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         &\multicolumn{1}{c}{(5)}         &\multicolumn{1}{c}{(6)}         &\multicolumn{1}{c}{(7)}         &\multicolumn{1}{c}{(8)}         &\multicolumn{1}{c}{(9)}         \\
\midrule
$\delta^c \times z_{ni}^{(1)}$&                     &                     &                     &      -0.049\sym{***}&                     &      -0.047\sym{***}&                     &      -0.029\sym{**} &                     \\
                    &                     &                     &                     &     (0.010)         &                     &     (0.010)         &                     &    (0.0097)         &                     \\
\addlinespace
$\delta^c \times z_{ni}^{(2)}$&                     &                     &                     &                     &      -0.047\sym{***}&                     &      -0.046\sym{***}&                     &      -0.029\sym{**} \\
                    &                     &                     &                     &                     &     (0.011)         &                     &     (0.011)         &                     &    (0.0100)         \\
\midrule
$i$-specific polynomial in log FDI&                     &         Yes         &                     &                     &                     &         Yes         &         Yes         &                     &                     \\
$(n,i)$-specific polynomial in log FDI&                     &                     &         Yes         &                     &                     &                     &                     &         Yes         &         Yes         \\
\midrule Upstream $\times$ Downstream FEs&         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
Upstream $\times$ Country FEs&         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
Downstream $\times$ Country FEs&         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
\midrule$R^2$       &       0.565         &       0.567         &       0.593         &       0.566         &       0.566         &       0.567         &       0.567         &       0.588         &       0.588         \\
Observations        &       97335         &       97335         &       97335         &       97335         &       97335         &       97335         &       97335         &       97335         &       97335         \\
\bottomrule
\end{tabular}
}
